Individual Income Tax Preparation Fees
How much would you charge to do my individual tax return?
I'm sure this is breaking some secret CPA billing practice but instead of giving the usual "IT DEPENDS" answer. Here are some average Form 1040 prices for potential clients to consider.
Form 1040 Standard Deductions $ 150.00
Schedule A Itemized Deductions 100.00
Schedule B Interest & Dividends 20.00
Schedule D Capital Gains/Loss 50.00
Schedule E K-1 Investment Income 50.00
Schedule M Making Work Pay 25.00
Form 2119 Sale of Residence 75.00
Form 3903 Moving Expense 75.00
Small Business
Schedule C Business Income (Loss) 150.00
Schedule F Farm Income (Loss) 150.00
Rental Properties
1st Rental Property 100.00
Each Additional Rental Property 50.00
The price mainly depends on how well organized your business records are and the amount of time I have to spend digging through receipts. Naturally, I'm quite versed in the ART of receipt digging and I don't mind as long as you understand there is additional cost involved.
If you have a complex individual tax return and would like a free estimate, I can give a fair price estimation from reviewing your last year's tax return. Just fax, scan and e-mail, or mail me a copy of the return and if you decide to use someone else I'll be happy to mail back all of your information FREE OF CHARGE.
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